Quote:
Originally Posted by Poindexter
I am astounded that nobody is reacting to the numbers Ocrunk put up. Every exotic pool showed the public losing 28 to 29% (caws make that expected loss for the aggregate betting public). That includes the 18.5 takeout Daily Double and Exacta pools. It is basically black and white proof of every post I have made about rebates destroying this game of the last number of years. More importantly winning players or even just better than average players are driving their expected loss even higher. The typical novice bettor is going to lose close to 40% in all of these exotic pools because sharp guys(that are not Caw) are either in the positive roi or in the very low negative roi. More upward pressure on the newbies negative roi. So I ask again, how do you build this sport when every potential new customer is losing about 40% of every dollar they bet in any exotic pools. My answer again is you can't. Oh, I forgot it is not a gambling game it is is entertainment.
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The public always gets destroyed. What gambling game does the public not get destroyed? Slots are high takeout and relentless churn. The lottery is 40% take out, yet people fight to get in line. You wrote "the novice bettor is going to lose close to 40%"...yeah, no bleep. That's why we need more novice bettors in the pools. That's the only way (other than massive rebates) to keep the less-than-sheep in the game.
